Can I retire at age 51 with 728,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$60,118$59,582$59,060$58,550$58,052$57,422
2 years$29,761$29,207$28,670$28,149$27,644$27,009
3 years$19,644$19,087$18,551$18,035$17,538$16,919
4 years$14,586$14,031$13,501$12,993$12,508$11,909
5 years$11,552$11,000$10,477$9,980$9,509$8,932
6 years$9,530$8,983$8,467$7,981$7,524$6,969
7 years$8,087$7,544$7,036$6,562$6,119$5,587
8 years$7,004$6,466$5,967$5,505$5,076$4,567
9 years$6,163$5,630$5,139$4,689$4,275$3,789
10 years$5,490$4,963$4,481$4,042$3,642$3,178
11 years$4,940$4,418$3,945$3,517$3,133$2,691
12 years$4,482$3,965$3,501$3,085$2,715$2,294
13 years$4,095$3,583$3,128$2,724$2,367$1,967
14 years$3,763$3,257$2,810$2,418$2,075$1,696
15 years$3,476$2,976$2,537$2,156$1,827$1,467
16 years$3,225$2,730$2,300$1,931$1,615$1,274
17 years$3,004$2,514$2,093$1,735$1,432$1,110
18 years$2,808$2,323$1,911$1,563$1,273$969
19 years$2,632$2,153$1,749$1,413$1,135$848
20 years$2,474$2,001$1,606$1,279$1,014$743
21 years$2,332$1,864$1,477$1,161$907$653
22 years$2,202$1,740$1,361$1,056$813$574
23 years$2,084$1,627$1,257$962$730$505
24 years$1,976$1,525$1,162$877$656$445
25 years$1,877$1,431$1,076$801$590$393
26 years$1,785$1,345$998$732$532$347
27 years$1,701$1,265$927$670$479$306
28 years$1,623$1,192$862$614$433$271
29 years$1,550$1,125$802$563$391$239
30 years$1,482$1,062$747$517$353$212
31 years$1,419$1,004$696$475$319$187
32 years$1,359$950$650$436$289$166
33 years$1,304$900$607$401$261$147
34 years$1,252$853$567$369$236$130
35 years$1,202$809$530$340$214$115
36 years$1,156$768$496$313$194$102
37 years$1,113$729$464$288$176$91
38 years$1,071$693$435$266$159$80
39 years$1,032$659$407$245$145$71
40 years$995$627$382$226$131$63
41 years$960$597$358$209$119$56
42 years$927$568$336$192$108$50
43 years$895$542$315$178$98$44
44 years$865$516$296$164$89$39
45 years$836$492$278$151$81$35
46 years$809$470$261$140$73$31
47 years$783$448$245$129$67$27
48 years$758$428$230$119$60$24
49 years$734$409$216$110$55$22
50 years$711$390$203$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $728,000, adding $6,810 every year, while hoping to spend $49,350 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/25/10 Blend
50$728,000$728,000$728,000$728,000
51$809,281$770,697$759,413$859,713
52$839,319$755,953$732,345$879,441
53$870,768$738,832$702,716$894,551
54$903,718$719,167$670,389$909,795
55$938,269$696,778$635,219$925,182
56$974,529$671,477$597,056$940,724
57$1,012,616$643,064$555,742$956,438
58$1,052,655$611,327$511,112$972,341
59$1,094,787$576,042$462,995$988,456
60$1,139,160$536,974$411,210$1,004,812
61$1,185,940$493,871$355,572$1,021,440
62$1,235,305$446,470$295,882$1,038,380
63$1,287,450$394,491$231,938$1,055,676
64$1,342,588$337,638$163,526$1,073,381
65$1,400,949$275,600$90,421$1,091,557
66$1,462,788$208,047$12,392$1,110,275
67$1,528,381$134,630$0$1,129,616
68$1,598,031$54,982$0$1,157,239
69$1,672,069$0$0$1,187,590
70$1,750,856$0$0$1,228,105
71$1,834,789$0$0$1,287,406
72$1,924,301$0$0$1,350,678
73$2,019,869$0$0$1,418,260
74$2,122,011$0$0$1,490,525
75$2,231,300$0$0$1,567,880
76$2,348,361$0$0$1,650,773
77$2,473,880$0$0$1,739,695
78$2,608,611$0$0$1,835,183
79$2,753,379$0$0$1,937,830
80$2,909,093$0$0$2,048,284
81$3,076,749$0$0$2,167,257
82$3,257,439$0$0$2,295,532
83$3,452,365$0$0$2,433,968
84$3,662,849$0$0$2,583,510
85$3,890,339$0$0$2,745,196
86$4,136,431$0$0$2,920,165
87$4,402,876$0$0$3,109,673
88$4,691,601$0$0$3,315,097
89$5,004,725$0$0$3,537,955
90$5,344,576$0$0$3,779,912
91$5,713,718$0$0$4,042,803
92$6,114,967$0$0$4,328,646
93$6,551,426$0$0$4,639,658
94$7,026,504$0$0$4,978,283
95$7,543,956$0$0$5,347,208
96$8,107,911$0$0$5,749,388
97$8,722,915$0$0$6,188,079
98$9,393,972$0$0$6,666,862
99$10,126,588$0$0$7,189,681
100$10,926,825$0$0$7,760,875